Question

Mr khan donated 80,000to a trust on the condition that the intrest earned will be used for giving 5 scholarships of equal value every year. If the amoint donated earns 12.5%p.a find the value of each scholarship

Answer 1

Answer:

The value of each scholarship is Rs. 2000

Step-by-step explanation:

Amount donated = 80000 Rs.

Interest on amount = 12.5%

Interest earned each year

$=\frac{80000\times1\times 12.5}{100}$

$=800\times 12.5$

$=10000$

Value of each scholarship

$=\frac{10000}{5}$

$=2000$ Rs.

Hope this helps.

Answer 2

Given:

Donated amount

= 80000

Amount interest

= 12.5%

To Find:

The amount of each scholarship = ?

Solution:

As we know,

$Earned \ interest \ per \ year = \frac{80000\times 1\times 12.5}{100}$

On solving, we get

⇒                                       $=800\times 12.5$

⇒                                       $=10000$

Now that value of each scholarship will be:

⇒ $\frac{10000}{5}$

⇒  ₹$2000$

So that the correct answer will be "₹2000".